Future Market Insights

Future Market Insights has announced the addition of the “Material Handling Equipment Market: Global Industry Analysis and Opportunity Assessment 2014-2020" report to their offering.

Valley Cottage, NY -- (SBWIRE) -- 03/24/2017 -- The importance of material handling equipment is growing exponential among industries such as aerospace, agriculture, automotive, etc., as managing the manufacturing plant or warehouse has become an essential operation to look for. Material handling involves, managing the storage and movement of good & products in the warehouse or manufacturing plant. Material handling increases the productivity by improving the logistics in the manufacturing plant.

The global material handling equipment market is segmented on the basis of end use industries such as Aerospace, Agriculture, Air Cargo, Automotive, Building and Construction, Electrical & Electronic Equipment, Industrial Machinery, Shipping Industry, Warehousing, Postal/Express Delivery and others.Currently, these industries are experiencing steady growth in regions like Asia Pacific, Europe and North America.

Currently, global material handling equipment market is dominated by Asia Pacific region, whichis estimated to capture 30-40% of the global material handling equipment market value. Asia Pacific is followed by Europe and North America. Global material handling equipment market is expected to grow at a CAGR between 3-6% from 2014-2020, and in future, Asia Pacific is forecast to continue its dominance in global material handling equipment market, due to expected growth in end use industries.

Global material handling equipment market is experiencing increasing automation, safety and productivity. Companies are focusing on innovating equipment based on above three factors and as per customer requirements. In Future, we expect to see emergence of high control methodologies in material handling equipment market. Integration of electronic intelligence with material handling equipment is expected to change the global material handling equipment market during next 5-6 years.